Quick overview

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Larry Ellison, the co-founder and chairman of Oracle, has increased the number of employees under his direct supervision

 

He is now responsible for approximately 64,000 employees, which accounts for 40% of Oracle’s total workforce. Organizational charts reviewed by Bloomberg indicate that Ellison has assumed control of several teams previously led by former CEO Safra Catz.

Clay Magouyrk and Mike Sicilia succeeded Catz. Ellison oversees the finance division, which is under scrutiny as Oracle embarks on a significant expansion of its data center operations.

This expansion, aimed at securing cloud computing contracts related to artificial intelligence, is expected to cost hundreds of billions of dollars, putting additional pressure on the company’s cash flow. He remains responsible for developing Oracle’s profitable database software and related applications.

Ellison has acquired teams from Catz, which include human resources, legal, and NetSuite, the finance applications division that Oracle purchased in 2016.

Sicilia now manages most of the company, which employs around 84,000 people.

His responsibilities include overseeing customer service, sales, and the development of applications for specific industries. Additionally, the health software division of Oracle, formed after the acquisition of Cerner Inc., also reports to Sicilia.

When the management change was announced in September, Catz remarked, “Having two technical executives work together to meet the needs of our customers is really a match made in heaven.” In 2025, Oracle’s shares nearly doubled, reaching a record price of $328.33 on September 10, just two weeks before the CEO’s departure.

The company’s strong stock performance, driven by the growing demand for cloud computing and AI infrastructure, coincides with this organizational restructuring.

Oracle shares surged by 43% in a single day—the company’s best performance since 1992—closing near $240 and adding over $244 billion to its market capitalization, bringing it closer to the $1 trillion club. Oracle’s fiscal Q1 earnings report revealed a substantial cloud backlog of $455 billion, bolstered by significant AI contracts.

This forecast of accelerated revenue growth has led to a rally in the stock price. Initially, analysts had target prices around $240 (for example, from Deutsche Bank), targets quickly increased to $335 or higher following the earnings report, reflecting heightened confidence in Oracle’s competitive edge in the AI sector. As of November 11, 2025, Oracle (ORCL) shares are trading at all-time highs, having risen more than 75% this year.